Category: Top National News

Associated Press, Sept. 25, 2016
Genworth Mortgage Insurance CEO Rohit Gupta discusses housing market.

Bloomberg, Sept. 26, 2016–Light, Joe; Scully, Matt
Mortgage insurance companies are getting a long-awaited shot at expanding their business with Fannie Mae and Freddie Mac. But it’s shaping up to be less lucrative than they had hoped.

Mortgage Daily, Sept. 23, 2016
Estimated Q2 U.S. originations $488 billion.

Santa Fe New Mexican, Sept. 24, 2016–Miller, Cynthia
Securities and Exchange Commission filed a motion Friday in a federal court saying it will drop three out of five remaining civil fraud claims against two former top executives of Thornburg Mortgage, a Santa Fe-based firm that was once the second-largest mortgage company in the nation.

National Mortgage News, Sept. 26, 2016–Sinnock, Bonnie
Now that Fannie Mae requires trended data credit reports for its automated underwriting system, will other secondary market players follow suit? If so, how soon?

HousingWire, Sept. 26, 2016–Lane, Ben
Plans to share even more risk with mortgage insurers.

Mortgage Daily, Sept. 26, 2016
Wells Fargo & Co.’s banking subsidiary has agreed to settle allegations that it violated federal law on telephone calls made in connection with home loans.

World Property Journal, Sept. 13, 2016–Rachid, Monsef
Wells Fargo Bank N.A. with $502.2 billion in U.S. master and primary servicing, leads servicer rankings.

Wall Street Journal, Sept. 13, 2016–Stynes, Tess
Arrangement settles previously disclosed government probe.

Scotsman Guide, Sept. 13, 2016–Whitman, Victor
H.R. 5983, the Financial CHOICE Act, passed along party lines in the House Financial Services Committee.